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The recruit will optimise the structure of the legacy carrier’s acquired run-off assets.
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The transaction has now received regulatory approval and has closed.
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John Cashin said the legacy space is too complex to be easily tackled with technology solutions. -
The executive took over the finance role from Tom Stoddard in July.
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The executive has investment from private-equity house Partners Group and is already considering transactions.
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Singaporean and Vietnamese businesses are reportedly in scope for disposal.
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The Californian utilities firm has established a $14bn backstop fund to ensure all liabilities are paid.
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Bermudian carriers led the index higher.
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The deal is Axa Liabilities Managers’ 20th run-off purchase.
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The launch follows the carrier’s decision earlier this year to put CatCo into run-off.
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This comes as ex-RenRe CUO Eklund and Markel also look to tap investors for retro plays.
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The Insurance Insider gives you a run-down of everything you need to know from the reinsurance conference.
